The Securities and Exchange Commission (SEC) has revealed that Nigeria’s collective investment and mutual funds targeting children have grown to ₦8.6 trillion, emphasizing the urgent need for investment literacy among young Nigerians.
SEC Director-General Emomotimi Agama disclosed this on Tuesday at the 2025 Children’s Day Fun-Fair, held at Turf Arena, Abuja. The event was organized by Ryan & Jasmine Consult in partnership with Assertium, under the theme “My Voice, My Future.”
Agama explained that while minors cannot directly access the capital market, many investments for children are made through collective investment schemes or mutual funds, which have seen significant growth.
“We must instill the value of investing in children from the cradle. With Nigeria’s youthful population, inculcating this culture early is essential,” he said.
He warned against the dangers of Ponzi schemes and stressed the importance of teaching children about sound financial practices to help secure their futures.
Agama added that the ₦8.6 trillion currently held in children’s investment schemes is expected to grow significantly, driven by Nigeria’s large youth demographic.
In her welcome speech, Mary Makanjuola, representing Ryan & Jasmine Consult, described the event as a platform that empowers children to speak confidently and think wisely about money.
Monsurat Ayoola, Group CEO of Assertium, reiterated the company’s commitment to raising a generation of creative, responsible, and financially literate future leaders.
A standout moment came from young participant Modesire Makajuola, who shared:
“I learned how to save and invest in goods and services. I want the government to build better roads and be firm in politics. Happy Children’s Day to everyone.”
The event blended fun with education, featuring activities on entrepreneurship, budgeting, creativity, and life skills, helping children build the knowledge to thrive in a dynamic world.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
